0R1J Stock | | | 2.47 0.14 5.36% |
Plug Power financial indicator trend analysis is much more than just breaking down Plug Power prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plug Power is a good investment. Please check the relationship between Plug Power Non Current Liabilities Total and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Plug Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Plug Stock please use our
How to Invest in Plug Power guide.
Non Current Liabilities Total vs Net Receivables
Non Current Liabilities Total vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Plug Power Non Current Liabilities Total account and
Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Plug Power's Non Current Liabilities Total and Net Receivables is 0.86. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Plug Power, assuming nothing else is changed. The correlation between historical values of Plug Power's Non Current Liabilities Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Plug Power are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Liabilities Total i.e., Plug Power's Non Current Liabilities Total and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Net Receivables
Most indicators from Plug Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plug Power current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Plug Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Plug Stock please use our
How to Invest in Plug Power guide.
Selling General Administrative is likely to gain to about 95.8
M in 2024, despite the fact that
Tax Provision is likely to grow to (26.4
M).
Plug Power fundamental ratios Correlations
Click cells to compare fundamentals
Plug Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Plug Power fundamental ratios Accounts
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Additional Tools for Plug Stock Analysis
When running Plug Power's price analysis, check to
measure Plug Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plug Power is operating at the current time. Most of Plug Power's value examination focuses on studying past and present price action to
predict the probability of Plug Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plug Power's price. Additionally, you may evaluate how the addition of Plug Power to your portfolios can decrease your overall portfolio volatility.